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U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp illustrated the road to economic recovery is still bumpy.

U.S. stocks dropped sharply on Friday after quarterly results from General Electric Co and Bank of America Corp showed that an economic recovery may be slow and bumpy, denting a four-day rally fueled by earnings optimism.

Merrill Lynch & Co's brokerage, the crown jewel that lured Bank of America Corp's chief executive into a takeover that ultimately cost him his job, is showing signs of a revival.

Wall Street fell on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp threatened a weak end to an otherwise strong, earnings-fueled week.

Oil retreated from a year-high above $78 touched early on Friday after a renewed focus on brimming inventories, disappointing corporate earnings and a slip in consumer confidence chipped away at bullishness across financial markets.

Bank of America Corp posted its second quarterly loss in less than a year as it suffered from consumer credit losses.

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent .

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co (GE.N) and Bank of America Corp (BAC.N) dragged stock futures lower.

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

Britain's top share index was lower at midday on Friday, led by banks after quarterly earnings numbers from Bank of America Corp (BAC.N) and General Electric (GE.N) disappointed.

European equities slipped from one-year highs on Friday as General Electric (GE.N) and Bank of America (BAC.N) results disappointed and hurt momentum that was built after IBM (IBM.N) and Google (GOOG.O) earnings figures.

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co (GE.N) and Bank of America Corp (BAC.N) dragged stock futures lower.

BofA's Big Loss; GE's Woes; Banks Battle for Fixed Income Supremacy

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

European shares turned negative on Friday after earnings results from Bank of America (BAC.N) disappointed investors.

Bank of America Corp Chief Executive Kenneth Lewis will receive no pay or benefits for his last year of work at the company.

Citigroup Inc posted a quarterly loss to shareholders as it suffered $8 billion of credit losses, raising further questions about the future of the bank that is one-third owned by the U.S. government.

European shares hit a fresh one-year high on Thursday, with analysts pointing to third-quarter earnings beating forecasts, though mobile phone giant Nokia (NOK1V.HE) bucked the trend. At 1041 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was up 0.5 percent at 1,021.65 points, having risen as far as 1,022.26, the highest since Oct. 7, 2008.

JPMorgan Chase & Co's robust $3.6 billion quarterly profit could prove a tough act for rivals to follow as its investment bank capitalized on the disappearance of some rivals and the weakness of others.

The U.S. Congress will soon probe executive compensation at companies such as American International Group Inc and Bank of America Corp receiving significant taxpayer funds, the chairman of the House Oversight and Government Reform panel said on Wednesday.

JPMorgan Chase & Co has gradually increased the risk it takes trading commodities and the second-largest U.S. bank is approaching levels last seen before the financial crisis rocked global markets.

JPMorgan Chase & Co quarterly profit rocketed to a much-higher-than-expected $3.6 billion as bond trading revenue surged, boosting optimism about a rebound in top Wall Street banks.

Smaller Letdown; Retailers drop; Big bank profit

Investors remain bullish about equities but not to the extent that it creates the risk of a sharp swing in sentiment, Bank of America Merrill Lynch said on Wednesday.

JPMorgan Chase & Co reported sharply higher third-quarter results, topping Wall Street expectations, as gains at its investment bank offset deeper losses on credit cards and other consumer loans.

Executives from two of the United States' biggest home mortgage lenders said the nation's housing market is still in a tenuous state despite signs of stability over the summer months.

Hiring after the Recession; BofA Gives More; Airlines' Alt Fuel Flight